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Papua Mining Plc Ord GBP0.001 NEX:PML.GB NEX Common Stock
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Rockfire Resources PLC Sampling underway to infill Double Event

14/01/2019 12:19pm

UK Regulatory (RNS & others)


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TIDMROCK

RNS Number : 0341N

Rockfire Resources PLC

14 January 2019

14 January 2019

Rockfire Resources plc

("ROCK", "Rockfire" or "the Company")

Sampling underway to infill Double Event

Rockfire Resources plc (LON: ROCK), the Queensland copper and gold-focused resource company, announces that soil sampling is underway, ahead of schedule, in the field season at the Double Event Prospect, which forms part of the Lighthouse tenement. Sampling is designed to accurately pinpoint drilling targets in a 2.5km long zone, which lies between the two drilling programs completed during 2018.

-- The entire Double Event vein structure is 4.5km long, with only 800m of this system tested so far by Rockfire;

-- Drilling on this structure in 2018 returned 3m @ 10.04 g/t Au (from 27m), 3m @ 2.94 g/t Au (from 15m), 2m @ 3.17g/t Au (from 13m) and 4m @ 1.81 g/t Au (from 16m);

-- Gold was intersected in nearly all holes in the two drilling campaigns, with one hole being terminated after drilling into an historical mine shaft at 18m depth;

-- Several holes intersected gold over the licence boundary and inside the Kookaburra Licence, resulting in a 1.5km extension of the vein system strike length;

Chief Executive Officer of Rockfire, David Price, commented:

"Our exploration schedule for 2019 has started early, with soil sampling underway at Double Event. The wet season is still upon us in northern Australia, however access currently remains possible, so we are making the most of this opportunity."

"Other exploration programs are being scheduled and a standard Conduct and Compensation Agreement is currently being arranged with the landowner of Copper Dome Porphyry Copper Project in Central Queensland. Our Due Diligence process for a decision on the Option to Acquire Copper Dome is on-going and a decision is due before May 2019."

"The Company is in discussions with its consultant geophysicists regarding undertaking dipole-dipole IP survey lines at Copperhead. This survey is designed to highlight sulphide-rich zones beneath Copperhead. We will continue to inform the market as our exploration momentum increases."

 
Rockfire Resources plc                       Email: info@rockfireresources.com 
 David Price, Chief Executive Officer 
 
Allenby Capital Limited (Nominated Adviser)  Tel: +44 (0) 20 3328 5656 
 John Depasquale/Nick Athanas/Asha Chotai 
First Equity Limited (Broker)                Tel: +44 (0)20 7374 2212 
Jason Robertson 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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January 14, 2019 07:19 ET (12:19 GMT)

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